| Morning Notes |
| 05th Sep, 2019 |
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Trading Range:
Nifty opened gap down at 10790 on Wednesday and made a high and low of 10859 and 10746 respectively before closing positive at 10845.
Review/Outlook:
For the day, support for Nifty exists at 10780 and 10710 levels whereas resistance for Nifty stands at 10890 and 10960 levels.
Review/Outlook:
Bank Nifty opened gap down at 26786, made a high of 27279, low of 26641, and closed positive at 27124. For the day, support for Bank Nifty exists at 26900 and 26700 levels whereas resistance for Bank Nifty stands at 27300 and 27500 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
36,725 |
+0.44 |
| Nifty |
10,845 |
+0.43 |
| BSE 200 |
4,533 |
+0.36 |
| BSE Midcap |
13,264 |
+0.14 |
| BSE Smallcap |
12,406 |
+0.29 |
| Dow Jones |
26,355 |
+0.91 |
| NASDAQ |
7,977 |
+1.30 |
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DERIVATIVES INDICATORS FOR SEP 05, 2019:
| NIFTY |
10,844.65 (+46.75) (+0.45%) |
| NIFTY SEP FUTURE |
10886.30 (41.65 Points Premium) |
| NIFTY PCR - OI |
1.08(+0.04) |
| NIFTY OPEN INTEREST |
1.81Cr. (-2.72%) |
| INDIA VIX |
17.23 (-4.54%) |
| NIFTY ROLLOVER |
5% |
|
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NIFTY OPTIONS ACTIVITY (26-SEP SERIES)
| CALL |
10800 CE +0.71 lac Shares |
| CALL |
11000 CE +2.11 lac Shares |
| PUT |
10800 PE +1.28 lac Shares |
| PUT |
10700 PE +1.38 lac Shares |
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
15,239 |
-1.74 |
| Bankex |
30,517 |
+1.06 |
| PSU |
6,279 |
+1.42 |
| Healthcare |
12,773 |
+0.01 |
| IT |
16,213 |
+0.41 |
|
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| Market Turn Over (`cr) |
| Index |
04/09 |
03/09 |
| BSE Cash |
4,095 |
1,822 |
| NSE Cash |
30,840 |
28,313 |
| NSE F&O |
1,502,054 |
931,078 |
| BSE Delivery % |
33.11 |
39.20 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
55.45 |
43.56 |
| BSE 200 |
56.22 |
43.28 |
| BSE 500 |
52.80 |
46.20 |
| Total BSE |
46.70 |
46.77 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
55.91 |
-0.62 |
| Gold Rs./ 10 Gms |
39823.00 |
+0.36 |
| Silver Rs./ Kg |
51396.00 |
+1.63 |
| Rs.- US $ |
72.11 |
-0.14 |
| Rs.- Euro |
79.58 |
+0.42 |
|
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| FII (Rs cr ) |
|
04/09* |
03/09* |
| FIIs |
-3162.98 |
+574.82 |
| MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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| Details |
Buy |
Sell |
Open interest at the
end of the day |
Net Position |
|
|
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
|
| Index Futures |
80,225.00 |
5,678.11 |
66,754.00 |
4,639.55 |
1,49,294.00 |
11,329.55 |
1,038.56 |
| Index Options |
49,22,980.00 |
3,07,752.32 |
49,38,241.00 |
3,08,893.64 |
7,65,945.00 |
58,404.61 |
(1,141.32) |
| Stock Futures |
2,16,392.00 |
11,566.56 |
2,15,896.00 |
11,490.24 |
15,02,410.00 |
87,008.53 |
76.32 |
| Stock Options |
90,675.00 |
5,093.65 |
90,112.00 |
5,067.09 |
51,860.00 |
2,870.94 |
26.56 |
| Total |
53,10,272.00 |
3,30,090.64 |
53,11,003.00 |
3,30,090.52 |
24,69,509.00 |
1,59,613.63 |
0.12 |
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| Corporate News |
State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest about Rs.25,000 crore to set up an ethylene cracker plant at Rasayani, 50 kilometres from its Mumbai refinery, as the firm pushes further into the petrochemicals business to fuel growth. (BL). |
The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said that it has decided to suspend production at its Gurugram and Manesar plants in Haryana for two days. The company said it will halt manufacturing operations at the two manufacturing facilities on September 7 and 9. (ET).
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KIOCL Ltd, a Central public sector undertaking under the Union Ministry of Steel, is planning to invest Rs.3,500 crore in the next 2-3 years. Addressing shareholders at the 43rd annual general meeting on Tuesday, MV Subba Rao, Chairman and Managing Director, said that the company is extensively working for a large size capital investment of ₹3,500 crore in core as well as new business sectors during the next 2-3 years. (BL). |
Drugmaker Lupin has formalised a licensing agreement with Boehringer Ingelheim (BI) to develop and commercialise a novel cancer drug in a deal valued at $700 million. The partnership looks to develop a targeted therapy involving Lupin’s MEK inhibitor compound in combination with one of BI’s KRAS inhibitors for patients with gastrointestinal and lung cancer that shows KRAS mutations, said a Lupin note. (ET). |
In a temporary relief to BSR & Associates LLP, a KPMG affiliate firm, the Bombay High Court has stayed the proceedings against the audit firm in the Mumbai bench of the National Company Law Tribunal (NCLT) until further order. On Wednesday, a division bench of the Bombay High Court comprising Justice Ranjit More and Justice NJ Jamdar stayed proceedings in NCLT in an oral order. (ET). |
Wipro has received a long-term $300 million contract from ICICI Bank to provide digital technology led services. The company said in a filing to the BSE that it has secured a strategic seven-year engagement from the major Indian private sector bank. (ET). |
BEML announced disinvestment of its shareholding of 96.56% in M/S Vignyan Industries Limited (VIL), a subsidiary of BEML Ltd. (BL). |
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| Economy and Sector News |
Hyderabad-based 3rd Flix Visual Effects Pvt Ltd, an immersive experiences ed-tech start-up, has raised $5 million in a pre-Series A round, led by Exfinity Ventures and joined by YourNest, IDFC Parampara and HNIs. In more news, India and Russia on Wednesday decided to step up industrial cooperation and create new technological and investment partnership, especially in advanced high-tech areas, with an aim to increase bilateral trade to $30 billion by 2025. (BL). |
As part of the ambitious Blue Revolution project, the Union government has lined up Rs.25,000 crore to invest in different segments of the fisheries sector in the next three to five years. In more news, The demand growth in the steel sector in India is expected to be lower at around 4 per cent in 2019-20, as against the earlier estimated growth of 7 per cent. India Ratings and Research (Ind-Ra) has revised its outlook for the steel sector to stable-to-negative from stable for the remaining part of FY 20 due to sluggish demand growth in the segment. (ET).
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In August’19, the electricity market at IEX recorded 33% increase on yoy basis on back of 4% yoy growth in peak demand on an all-India basis. in more news, India Ratings and Research (Fitch Group) expects headwinds to foreign portfolio investment (FPI) flows into India to continue over the near-to-medium term despite the accommodative global monetary policy stance and the central government’s efforts to alleviate uncertainty regarding the higher surcharge. A gamut of factors, such as slower-than-expected demand growth in major economies, geopolitical and trade tensions and a gradual weakening of the economic growth prospects in India, have contributed to a build-up of risk aversion, which has impeded the demand for emerging market (EM) debt instruments. (BL). |
After manufacturing, services too is showing stress, as the Purchasing Managers’ Index (PMI) for services came down to 52.4 in August from 53.8 in July. Services PMI is an economic indicator that is taken into consideration by various policy makers, including the Reserve Bank of India, for policy rate revision. This index is based on a survey conducted by IHS Markit. It involves responses from around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP (Gross Domestic Product). (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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| Global Markets |
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DJIA and NASDAQ Composite
US markets closed higher on Wednesday after a report revealed that China's services sector expanded at its fastest pace in three months in August and a controversial bill that led to recent tensions in Hong Kong was withdrawn. The Dow Jones Index closed at 26,355,
up 237.45 points by 0.91%. The Standard & Poors 500 index closed at 2,938, up 31.51 points by 1.08%. The Nasdaq Composite Index closed at 7,976, up 102.72 points by 1.30%.
FTSE 100
UK markets rose on Wednesday, with Asia-focused Prudential and Standard Chartered lending support as worries about unrest in Hong Kong receded, while sterling rallied amid hopes that a no-deal Brexit can be avoided. The FTSE 100 index closed at 7,311, up 43.07 points by 0.59%. |
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| Global Indices |
| 04/09/2019 |
Clsg |
Chg% |
| Dow Jones |
26,355 |
+0.91 |
| NASDAQ |
7,976 |
+1.30 |
| FTSE 100 |
7,311 |
+0.59 |
| Bovespa |
101,201 |
+1.52 |
| 05/09/2019 |
Latest
(4:06AM IST) |
Chg% |
| Nikkei |
20,649 |
+0.12 |
| Hang Seng |
26,523 |
+3.90 |
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Nikkei
Asian stocks started trading early on Thursday morning on a positive note as the investors will be closely watching the US and other global markets closely. Nikkei is currently trading at 20,649, up 23.98 points by 0.12%.
Precious Metals
Gold futures shook off earlier losses on Wednesday to finish at a fresh six-year peak, buoyed by economic worries and weakness in the dollar.
Base Metals
The three-month zinc price on the London Metal Exchange topped gains at the close of trading on Wednesday September 4, appreciating by almost 5% to close at its highest level since August 5, while the copper outright price closed at a two-week high.
Crude Oil
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 401,000 barrels for the week ended Aug. 30, according to sources. |
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokera3ge services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
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